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**deethythitoth** · 12-10-2011, 09:01 PM

http://en.wikipedia.org/wiki/Canwest
Beginnings
In 1974, a group led by Israel Asper bought the assets of Pembina, North Dakota television station...

..the company also went on an extended takeover pursuit of Western International Communications, which owned several independent stations in that province, in the late 1990s, eventually securing that company's broadcast television assets in 2000. This not only boosted Global's coverage in western Canada, but prompted the establishment of a second over-the-air service, originally known as CH, since in some areas the combined company had duplicate over-the-air coverage through multiple stations. Later that year, Canwest announced its acquisition of the Southam newspaper chain from Conrad Black, in order to pursue a media convergence strategy. It certainly was not for logical economic reasons.
Canwest entered bankruptcy protection [Goldman Sachs loaned most of the money] in late 2009, leading to the sale of the company's assets. Canwest's newspaper arm was sold to a group of creditors led by National Post CEO Paul Godfrey, through a newly formed company named Postmedia Network. The sale of the company's broadcasting arm to Shaw Communications closed on October 27, 2010, after CRTC approval for the sale was announced on October 22; those assets are now collectively known as Shaw Media.

Following the sale of assets, the company was renamed 2737469 Canada Inc., ceased to carry on business, and commenced bankruptcy proceedings under the Bankruptcy and Insolvency Act. The company is still registered as an "active" corporation with Industry Canada as of June 2011, but this merely indicates that the aforementioned bankruptcy proceedings continue.

12-10-2011, 09:01 PM	#5
deethythitoth Join Date Oct 2005 Posts 382 Senior Member	http://en.wikipedia.org/wiki/Canwest Beginnings In 1974, a group led by Israel Asper bought the assets of Pembina, North Dakota television station... ..the company also went on an extended takeover pursuit of Western International Communications, which owned several independent stations in that province, in the late 1990s, eventually securing that company's broadcast television assets in 2000. This not only boosted Global's coverage in western Canada, but prompted the establishment of a second over-the-air service, originally known as CH, since in some areas the combined company had duplicate over-the-air coverage through multiple stations. Later that year, Canwest announced its acquisition of the Southam newspaper chain from Conrad Black, in order to pursue a media convergence strategy. It certainly was not for logical economic reasons. Canwest entered bankruptcy protection [Goldman Sachs loaned most of the money] in late 2009, leading to the sale of the company's assets. Canwest's newspaper arm was sold to a group of creditors led by National Post CEO Paul Godfrey, through a newly formed company named Postmedia Network. The sale of the company's broadcasting arm to Shaw Communications closed on October 27, 2010, after CRTC approval for the sale was announced on October 22; those assets are now collectively known as Shaw Media. Following the sale of assets, the company was renamed 2737469 Canada Inc., ceased to carry on business, and commenced bankruptcy proceedings under the Bankruptcy and Insolvency Act. The company is still registered as an "active" corporation with Industry Canada as of June 2011, but this merely indicates that the aforementioned bankruptcy proceedings continue.
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